| Description |
| Guideline Annual Premium |
| Type : Currency |
| Definition |
| The Guideline Annual Premium is determined using assumptions specified in the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA - IRC Section 7702), and used in the test for whether a policy qualifies as life insurance. This is the premium that needs to be paid for all years to endow the policy, based on guaranteed assumptions. This is a U.S. specific property. |
| Parents |
| Coverage CovOption LifeUSA |